Closing Bell! Share Market ends mixed today; Sensex in red and Nifty in green - FMCG and IT stocks gain most

The Indian markets on Wednesday ended near flatline however the movement throughout the day was a mixed bag as Sensex closed in the red, while Nifty in the green while starting on a strong note. Auto stocks along with private banks and financials dragged the market, the most. Both the benchmark indices Sensex and Nifty had hit a fresh all-time high intraday today.

The BSE Sensex fell marginally by around 15 points or 0.03 per cent to 55,944.21, while Nifty50 gained by 10 points or 0.06 per cent to 16,634.65 levels at the market close today. Nifty Bank tried to drag the Nifty Index most, as it fell by over 125 points or 0.35 per cent to 35586 at the close today.

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The market breadth favoured buyers for the second straight day as broader indices outperformed benchmarks. The BSE MidCap index gained 0.6 per cent while the BSE SmallCap index up 0.7 per cent. 

Out of 50 scrips on Nifty50, 21 advanced, 28 declined and IOC remained unchanged at the market close on Wednesday. Adani Ports surged most at the close by 3.7 per cent, followed by HDFC Life, Hindalco, ONGC and Coal India each gained between 2-3 per cent at close.

After being the top gainer on Tuesday, Bajaj Finserv witnessed profit booking as the stock fell by around 3 per cent at the market close, followed by Titan down over 2 per cent, Similarly, Maruti Suzuki, Bharti Airtel, Dr Reddy’s Tata Steel, and Axis Bank each declined by around 1 per cent today. 

Almost all sectoral indices closed in the red, except for the Nifty FMCG, IT, Metal. Nifty Bank along with financial dragged the market most, while fast-moving good and tech stocks helped the Nifty Index to end flat with a positive bias at the market close on Wednesday.